Examples of Special Mandatory Redemption Trigger in a sentence
Following the occurrence of the Special Mandatory Redemption Trigger, the Company shall redeem the Securities as a whole, upon notice as provided in Section 3.04 of the Original Indenture, at a redemption price equal to 101% of the principal amount thereof plus accrued and unpaid interest to the Redemption Date.
Within ten days of the occurrence of the Special Mandatory Redemption Trigger, the Issuer will give notice of the Special Mandatory Redemption to each Holder of the Notes and to the Trustee, stating, among other matters prescribed in the Indenture, that a Special Mandatory Redemption Trigger has occurred and that all of the Notes will be redeemed on the redemption date set forth in such notice (which will be no earlier than 15 days and no later than 30 days from the date such notice is given).
Notice of redemption will be mailed at least 30 days but not more than 60 days (except as otherwise provided in the Indenture if the notice is issued in connection with a Special Mandatory Redemption Trigger Event, Legal Defeasance, Covenant Defeasance or Discharge) before the redemption date to each Holder whose Notes are to be redeemed at its registered address.
The Trustee shall not be charged with knowledge of, or responsible for monitoring, whether a Special Mandatory Redemption Trigger Date has occurred.
Upon the consummation of the Spin-Off prior to the occurrence of the Special Mandatory Redemption Trigger Date, this Section 5 will cease to apply.